x Abu Dhabi, UAESaturday 22 July 2017

Dubai World board to also sit as directors of investment subsidiary

Previously appointed boards or advisory committees for Istithmar World will be dissolved.

Dubai World's board of directors has been officially appointed to act as the board of directors for its investment arm, Istithmar World, effectively dissolving any previously appointed boards or advisory committees, according to the Dubai Media Office.

The Dubai World board is chaired by Sheikh Ahmed bin Saeed Al Maktoum, the chairman of Emirates Airline and president of the Dubai Civil Aviation Authority. The announcement was made after a decree by Sheikh Mohammed bin Rashid, Vice President and the Ruler of Dubai.